PFE: link here:
- EPS forecast: $1.39; actual, $1.78;
BP 3Q22 profit doubles to $8.2. billion. I doubt they did this on their renewables.
EPD: beats; 63 cents vs 61 cents. Link here.
PSX:
- press release;
- holy mackerel: $6.46 vs $4.98 (assuming apples-to-apples EPS comparison)
UBER: stock surges; earnings jump 72% -- link here.
- missing on expectations for gross bookings; and.
- reporting greater losses per share than Wall Street had anticipated.
- revenue, however, rose 72% year-over-year. Shares were up nearly 13% when the market opened.
******************************
Back to the Bakken
The Far Side: link here.
Active rigs: 43.
WTI: jumps overnight; up almost 3%; up $2.55; trading just over $89.
Natural gas: $5.986.
Wednesday, November 3, 2022: 2 for the month, 38 for the quarter, 483 for the year.
38870, conf, Kraken, Dragseth 9-4 2H ,
None.
RBN Energy: what's throwing the distillates market out oof whack? Archived.
The U.S. market for distillates has been crazy the past few months — especially in PADD 1 — and given all that’s going on, it’s likely to stay that way for months to come. Inventories of ultra-low-sulfur diesel, heating oil and other distillates are at their lowest levels for this time of year since before the EIA started tracking them 40 years ago and diesel prices are in the stratosphere, all despite diesel crack spreads being in record-high territory — a strong incentive for refineries to churn out more distillate. In today’s RBN blog, we discuss the many factors affecting distillate supply, demand, inventories and prices and take a look ahead at where the market may be headed next.
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